295,639 Shares in Concentra Group Holdings Parent, Inc. (NYSE:CON) Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 295,639 shares of the company's stock, valued at approximately $5,848,000. First Eagle Investment Management LLC owned 0.23% of Concentra Group Holdings Parent at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CON. Smartleaf Asset Management LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at $25,000. Motco bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at $32,000. Empowered Funds LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at $49,000. Nisa Investment Advisors LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at $59,000. Finally, GAMMA Investing LLC bought a new position in Concentra Group Holdings Parent during the 4th quarter valued at $64,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CON shares. Wells Fargo & Company decreased their price target on Concentra Group Holdings Parent from $27.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on Concentra Group Holdings Parent from $29.00 to $30.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Bank of America raised their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $28.50.

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Concentra Group Holdings Parent Stock Up 1.4 %

Concentra Group Holdings Parent stock traded up $0.29 during trading hours on Thursday, hitting $21.31. The company had a trading volume of 591,008 shares, compared to its average volume of 744,963. The firm's fifty day moving average is $22.29 and its 200-day moving average is $21.58. The firm has a market capitalization of $2.71 billion and a P/E ratio of 14.12. Concentra Group Holdings Parent, Inc. has a fifty-two week low of $18.89 and a fifty-two week high of $24.81. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52.

Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last announced its quarterly earnings data on Monday, March 3rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. The firm had revenue of $465.00 million for the quarter, compared to analysts' expectations of $465.00 million. On average, research analysts forecast that Concentra Group Holdings Parent, Inc. will post 1.47 earnings per share for the current year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 annualized dividend and a dividend yield of 1.17%. Concentra Group Holdings Parent's payout ratio is 16.56%.

Concentra Group Holdings Parent Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers' compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.